Principal Financial Group Inc. Increases Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Principal Financial Group Inc. grew its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXFFree Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 231,030 shares of the company’s stock after acquiring an additional 5,863 shares during the period. Principal Financial Group Inc. owned about 0.55% of Fox Factory worth $5,392,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Fox Factory in the fourth quarter worth approximately $2,543,000. Two Sigma Advisers LP acquired a new stake in shares of Fox Factory during the fourth quarter worth $378,000. Advantage Alpha Capital Partners LP increased its position in shares of Fox Factory by 30.8% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 68,221 shares of the company’s stock valued at $2,065,000 after acquiring an additional 16,081 shares during the period. GAMMA Investing LLC grew its stake in Fox Factory by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 1,696 shares of the company’s stock valued at $40,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock worth $18,850,000 after purchasing an additional 73,110 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FOXF. Robert W. Baird reduced their price target on Fox Factory from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Stifel Nicolaus cut their price objective on Fox Factory from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial boosted their price target on shares of Fox Factory from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.43.

Check Out Our Latest Analysis on FOXF

Fox Factory Stock Performance

Shares of Fox Factory stock opened at $25.53 on Thursday. The firm has a market cap of $1.06 billion, a PE ratio of -4.26 and a beta of 1.50. Fox Factory Holding Corp. has a 52 week low of $17.95 and a 52 week high of $54.86. The business’s fifty day simple moving average is $26.00 and its 200-day simple moving average is $25.35. The company has a quick ratio of 1.36, a current ratio of 3.18 and a debt-to-equity ratio of 0.73.

Fox Factory (NASDAQ:FOXFGet Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $355.03 million during the quarter, compared to analysts’ expectations of $330.71 million. Fox Factory had a positive return on equity of 4.70% and a negative net margin of 17.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Equities analysts forecast that Fox Factory Holding Corp. will post 1.31 earnings per share for the current year.

Fox Factory Profile

(Free Report)

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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